KalaGato, a Thrasio-style data-driven mobile app buy-out company, claimed that it had bought eight high-growth mobile apps in the last six months in order to scale out and monetise the apps using machine learning and big data to deliver business information.

The company also intends to purchase two mobile apps every month and invest $100 million in the app acquisition market by 2025. By acquiring more than 70 apps by the end of 2025, the company hopes to capture a higher share (1 billion users) of mobile internet users.

KalaGato has completed agreements across Europe, the Middle East, and South Asia. Three of the eight apps acquired by KalaGato are in finance, one is in gaming, and the rest are tools.

KalaGato recently strengthened its leadership team and appointed Abhinav Pandey (Ex Global Head – Tech and Products – IntelliTek.ai) as Chief Technology Officer and Sushmita Balasubramaniam (Ex South Asia Domain Lead for Commerce & CX, Kantar Insights) as CEO of its Consumer Intelligence arm.

The company commenced operations in 2017-18 as a big data provider and analytics company for enterprise customers and venture capital firms. In 2021, they shifted to a data-driven app buy-out company that acquires and manages mobile apps, allowing mobile app entrepreneurs (publishers / developers) to depart.

It raised $4 million in its seed round, as well as an undisclosed amount of debt funding, in December 2021, from renowned investors in India and the United States, including Anicut, Angellist, iSeed, Village Global, SOSV, and 9Unicorns, as well as a slew of top angel investors.

Categories: Other News

Tags: Funding, Investment, Startup, Venture Capital